Supreme Court · 2007 INSC 1175 · Decided 22 November 2007
M/S. U.K. Enterprises & ANR. v. Commissioner of Customs and Central Excise & ANR.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1175 · [2007] 12 S.C.R. 436
- Case number
- CIVIL APPEAL No. 1389/2002
- Decided
- 22 November 2007
- Bench
- ASHOK BHAN, V.S. SIRPURKAR (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Customs Act Section 114A
Headnote
+ Customs Act, I 962; Ss. 112, 114A & I 25: c Undervaluation-Import of Integrated circuits-Levy of customs duty based upon actual price-Differential amount of duty-Demand of-Penalty & redemption fine-Imposition of-Appeal and cross- appeals-Tribunal enhanced the penalty and the fine-On was against the express provisions of law-Hence, penalty reduced to the duty amount in terms of the provision u/s. I I 4A of the Act-In the facts and under ).. the circumstances of the case, no interference in the order of the Tribunal enhancing the fine is called for. E Appellants-assessee had
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